Pacific island nation gains access to electronic banking

Tuvalu, a remote nation between Australia and Hawaii, has transitioned from a cash-based economy to electronic banking with the introduction of its first ATM. This development is considered a significant milestone and a transformative era of modern banking in the country, where all transactions have previously been conducted in cash. The new ATM will likely improve the convenience and efficiency of financial transactions for Tuvalu's 12,000 residents.